Accounting: The Story of Your Money
Like Duolingo, but for Accounting: The Story of Your Money. Tomo turns the whole topic into a game you play five minutes a day, until it actually sticks.
For the part of you with thirty open tabs that never became anything.
Free during early access · No credit card · iPhone & Android
Key ideas in Accounting: The Story of Your Money
- Every asset is funded by either debt or owner investment
- Assets must provide a future benefit, not just a past one
- The total value of things owned must equal the total value of how they were paid for
- Accounts receivable (money owed by customers) is a resource with future value
- Consumed expenses are not assets
- Identifying assets based on future economic benefit
- Liabilities are claims held by outsiders (creditors)
- The fundamental source of all business assets
- A liability is an obligation resulting from a past event that must be settled later
- Equity is the 'residual' claim on assets
- Owners only 'own' what is left over after debts are subtracted
- The nature of liabilities as future obligations
- The accounting equation (A = L + E) must always stay in balance
- An increase in assets must be mirrored by an increase in liabilities or equity
- Equity as the residual interest in the business
- The necessity of the equation balancing
You've tried the other tabs
Thirty open tabs. Four facts you actually kept.
You watched. You nodded. By Sunday it was gone.
One answer, then back to scrolling.
Eight weeks. You meant to finish. You didn't.
Tomo gives Accounting: The Story of Your Money the Duolingo treatment: levels, streaks, and quick quizzes that test what you just learned. That game loop is what the tabs above never had, so it's the one you actually finish.
Here's what playing it feels like
A real question from this course. Take your best guess.
Which of these is the defining characteristic of an 'Asset' in a business?
Get it right to open this lesson and 11 more in the app.
Where Accounting: The Story of Your Money takes you
Stop seeing numbers as a chore and start seeing them as a map. Learn the fundamental language of business to track what you own, what you owe, and where your profit actually goes.
- 1
The Foundation of the Map
- The Golden Equation
- Tracking the Flow
- 2
Reading the Vital Signs
- The Three Essential Reports
- Accounting for the Future
2 sections · 4 units · 12 levels. Built to play, not to enroll.
You pick the voice
Accounting: The Story of Your Money is taught in the The Professor style: clear, structured, thorough. Want a different feel? In the app you can spin up the same topic in any of Tomo's teaching styles. Same facts, totally different vibe.
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Start Accounting: The Story of Your Money today.
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